Project Delay definition
Examples of Project Delay in a sentence
To the extent the delay at issue constitutes an Excusable Event of Delay, in whole or in part, the Special Project Delay Report shall indicate the costs associated with the components of the Recovery Plan related to any Excusable Events of Delay, which costs shall be determined in accordance with Section 46.2 of the General Conditions below (the “Recovery Costs”).
The Special Project Delay Report shall also identify, in lieu of the Recovery Plan, any modification requested by the Contractor to the Milestones, Date of Substantial Completion or the Date of Final Completion, in the event the Recovery Plan is not approved by the Owner.
Such Project Delay will be discussed by the Joint Project Team and if required the JSC to agree upon the impact and potential appropriate remedial action.
Any claim for an adjustment of the Construction Schedule or Contract Time must be made through a timely Special Project Delay Report.
Each Special Project Delay Report shall also indicate whether Contractor considers the delay to constitute an Excusable Event of Delay as defined in Section 45.10 below.
If the Contractor shall fail to make a timely Special Project Delay Report, it shall not be entitled to any relief or any modifications to the Construction Schedule or Contract Time.
Each “Special Project Delay Report” shall set forth a detailed explanation for the delay and shall set forth the Contractor’s programs for accelerating the Work sufficiently to overcome the delay in a manner that mitigates any adverse effects on the Project (the “Recovery Plan”).
In the event of a Major Project Delay ([***]), the Development Advisory Committee shall revise the Clinical Development Plan and Development Budget pursuant to the Agreement and the Development Advisory Committee Charter.
The Borrower will not enter into any Change Order with respect to the Construction Contracts without the prior written consent of the Agent, unless the Borrower certifies, and the Independent Engineer confirms, that (i) such Change Order is technically feasible, and (ii) such Change Order could not reasonably be expected to result in a Material Adverse Change, a Project Delay, or a Cost Overrun.
Since the Closing Date, no event shall have occurred which Agent shall determine has resulted in, or could reasonably be expected to result in, a Material Adverse Change, a Project Delay or a Cost Overrun.